Farm Bill Will Not See an Increase in Funds

Senate Ag Chair Debbie Stabenow, (D-Mich.) says there will be no new funding for the 2023 farm bill. However, Stabenow stressed she will not allow a cut in conservation funding.

Most farmers know that if they collect crop insurance, they are allowed in most cases to defer those proceeds for one year. But in many cases, they can't defer all of it.
Most farmers know that if they collect crop insurance, they are allowed in most cases to defer those proceeds for one year. But in many cases, they can’t defer all of it.
(Farm Journal)

Senate Ag Chair Debbie Stabenow, (D-Mich.) said in a Senate Ag Committee hearing that there will be no new funding for the new farm bill. This means any increase in funding for programs will require reallocating money from other parts of the bill.


Related story: 3 Reasons the Farm Bill is Behind Schedule


She expressed her disappointment at new savings from the debt ceiling bill not being allocated to the farm bill. Despite asking the House and Senate Budget Committee for even a few billion dollars, their requests were unmet.

Stabenow specifically warned the audience at the Nutrition Incentive Hub’s National Convening Tuesday that they should not expect additional funding for the Gus Schumacher Nutrition Incentive Program, which aims to provide fresh produce to low-income individuals. She emphasized that a win in this scenario may look like preserving the current funding to maintain the program before moving forward.


Related story: Conservation and CRP Rates Discussed in Latest House Panel Hearing


Stabenow stressed she will not allow conservation funding from the Inflation Reduction Act to be redirected, highlighting the importance of addressing the climate crisis and mitigating risks faced by farmers.

The Packer logo (567x120)
Related Stories
After passing the House 224-200, the farm bill is headed to the Senate, where SNAP funding could be another problematic topic.
Following the House passage of H.R. 7567, industry organizations are urgently calling on the Senate to swiftly approve the bipartisan farm bill to provide vital economic stability and competitive investments for American family farms.
While the USDA begins rolling out long-awaited specialty crop grants, National Potato Council CEO Kam Quarles warns that the $1 billion in emergency relief for the industry remains stuck in neutral, leaving farmers waiting on urgently needed relief that has yet to arrive.
Read Next
Webinar details why missing dates and wrong forms are no longer considered minor technical errors under updated federal enforcement guidelines.
Get Daily News
GET MARKET ALERTS
Get News & Markets App